CHTR vs. SPY

Last updated Jun 3, 2026

CHTR (Charter Communications, Inc.) is a stock, while SPY (State Street SPDR S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CHTR returned -4.61%/yr vs 15.57%/yr for SPY. At a 0.42 correlation, their price movements are largely independent.

Performance

CHTR vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Charter Communications, Inc. (CHTR) and State Street SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CHTR achieves a -32.80% return, which is significantly lower than SPY's 11.69% return. Over the past 10 years, CHTR has underperformed SPY with an annualized return of -4.61%, while SPY has yielded a comparatively higher 15.57% annualized return.

CHTR

• 1D: -1.63%
• 1M: -18.32%
• YTD: -32.80%
• 6M: -29.06%
• 1Y: -64.47%
• 3Y*: -24.76%
• 5Y*: -26.98%
• 10Y*: -4.61%

SPY

• 1D: 0.14%
• 1M: 5.40%
• YTD: 11.69%
• 6M: 12.09%
• 1Y: 29.62%
• 3Y*: 22.64%
• 5Y*: 14.20%
• 10Y*: 15.57%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CHTR vs. SPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CHTR Charter Communications, Inc.	-32.80%	-39.10%	-11.81%	14.62%	-47.99%	-1.45%	36.38%	70.22%	-15.18%	16.69%
SPY State Street SPDR S&P 500 ETF	11.69%	17.72%	24.89%	26.18%	-18.18%	28.73%	18.33%	31.22%	-4.57%	21.71%

Correlation

The correlation between CHTR and SPY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.40
Correlation (All Time) Calculated using the full available price history since Jan 6, 2010	0.42

Over the past year, the correlation between CHTR and SPY has dropped to 0.14 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

CHTR vs. SPY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CHTR

CHTR Risk / Return Rank: 2
CHTR Sharpe Ratio Rank: 1
CHTR Sortino Ratio Rank: 2
CHTR Omega Ratio Rank: 1
CHTR Calmar Ratio Rank: 2
CHTR Martin Ratio Rank: 6

SPY

SPY Risk / Return Rank: 75
SPY Sharpe Ratio Rank: 77
SPY Sortino Ratio Rank: 75
SPY Omega Ratio Rank: 76
SPY Calmar Ratio Rank: 68
SPY Martin Ratio Rank: 80

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CHTR vs. SPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Charter Communications, Inc. (CHTR) and State Street SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	CHTR	SPY	Difference
Sharpe ratio Return per unit of total volatility	-1.35	2.52	-3.87
Sortino ratio Return per unit of downside risk	-2.16	3.42	-5.58
Omega ratio Gain probability vs. loss probability	0.68	1.46	-0.78
Calmar ratio Return relative to maximum drawdown	-0.97	3.42	-4.39
Martin ratio Return relative to average drawdown	-1.47	15.93	-17.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CHTR vs. SPY - Sharpe Ratio Comparison

The current CHTR Sharpe Ratio is -1.35, which is lower than the SPY Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of CHTR and SPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CHTR	SPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.35	2.52	-3.87
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.70	0.84	-1.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.14	0.87	-1.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.59	-0.31

Drawdowns

CHTR vs. SPY - Drawdown Comparison

The maximum CHTR drawdown since its inception was -82.91%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for CHTR and SPY.

Drawdown Indicators

	CHTR	SPY	Difference
Max Drawdown Largest peak-to-trough decline	-82.91%	-55.19%	-27.72%
Max Drawdown (1Y) Largest decline over 1 year	-66.46%	-8.88%	-57.58%
Max Drawdown (3Y) Largest decline over 3 years	-69.22%	-18.76%	-50.46%
Max Drawdown (5Y) Largest decline over 5 years	-82.91%	-24.50%	-58.41%
Max Drawdown (10Y) Largest decline over 10 years	-82.91%	-33.72%	-49.19%
Current Drawdown Current decline from peak	-82.91%	0.00%	-82.91%
Average Drawdown Average peak-to-trough decline	-20.60%	-9.05%	-11.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	43.90%	1.91%	+41.99%

Volatility

CHTR vs. SPY - Volatility Comparison

Charter Communications, Inc. (CHTR) has a higher volatility of 12.03% compared to State Street SPDR S&P 500 ETF (SPY) at 2.75%. This indicates that CHTR's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CHTR	SPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.03%	2.75%	+9.28%
Volatility (6M) Calculated over the trailing 6-month period	41.37%	8.89%	+32.48%
Volatility (1Y) Calculated over the trailing 1-year period	47.98%	11.81%	+36.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.86%	17.05%	+21.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.02%	17.94%	+16.08%

Dividends

CHTR vs. SPY - Dividend Comparison

CHTR has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHTR Charter Communications, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPY State Street SPDR S&P 500 ETF	0.97%	1.07%	1.21%	1.40%	1.65%	1.20%	1.52%	1.75%	2.04%	1.80%	2.03%	2.06%

Frequently Asked Questions

Can I hold both CHTR and SPY in my portfolio?

CHTR and SPY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CHTR or SPY?

CHTR has higher volatility (12.03%) compared to SPY (2.75%). In terms of maximum drawdown, CHTR dropped -82.91% vs SPY's -55.19%.

Which has better risk-adjusted returns?

SPY currently has the higher Sharpe Ratio (2.52 vs -1.35), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.